SunGard expands Asian operations

Financial software vendor SunGard has boosted its Asia-Pacific presence with the rollout of an order-to-cash process system called AvantGard Getpaid, and increased on-the-ground support in Singapore and Malaysia.

Part of the AvantGard suite, AvantGard Getpaid will allow companies to obtain an enterprise-wide view of cash and working capital across accounts receivable, accounts payable and treasury, while reducing operating costs, said SunGard.

Rachael Phelan, partner, risk advisory services at global consultancy KPMG, said: “Historically, credit operations are prone to inefficiencies due to a lack of integration and automation and, as a result, companies often experience high operating costs and poor performance in this area. Technology solutions may help companies increase cashflow and, when combined with appropriate business process changes, may reduce costs as well.

She added that an integrated approach to the order-to-cash cycle allows companies to leverage data, resources and collaboration technology to help improve working capital.

Meanwhile, SunGard has established a support team in Singapore dedicated to its commodity trading and risk management solution, Kiodex. The vendor has also added support in Singapore for Kiodex, derivatives trading suite Monis and risk management and derivatives pricing solution Reech, in Kuala Lumpur. These products will be supported in Malaysia by a hedge fund team headed by Mark Wightman, general manager and head of alternative investment at SunGard Asia-Pacific. The Kuala Lumpur support will focus on clients in Malaysia, Hong Kong, India and Australia.